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Merger of 3 PSU insurance firms: Govt seeks bids from consultants

by AIP Online Bureau | Jun 28, 2018 | Indian News

New DelhI Acting on their merger plans, three Indian state-owned non-life insurance companies,which the government plans to merge into a single company,on Thursday sought to appoint consultants to advice them on the deal. The consultants have to submit their bid...

NITI Aayog to set up sub-group to study treatment pricing under Ayushman Bharat

by AIP Online Bureau | Jun 28, 2018 | Health, Indian News

  NEW DELHI: Niti Aayog will soon set up a sub-group to look into the complaints of private hospitals regarding pricing of treatment of key ailments proposed by the government under the Prime Minister's flagship health insurance scheme Ayushman Bharat. The...

Generali Group to raise its stake in Indian insurance joint ventures to 49 per cent 

by AIP Online Bureau | Jun 27, 2018 | Indian News

  NEW DELHI: Reversing its earlier decision to exit Indian market,Italy's Generali Group has decided to raise its stake in Indian insurance joint ventures — Future Generali India Life Insurance Company and Future Generali India Insurance Company —...

Tokio Marine scouts for Asia, U.S. deals with $9 billion war chest

by AIP Online Bureau | Jun 27, 2018 | International News

  TOKYO: Japanese insurer Tokio Marine Holdings Inc, one of the country’s most acquisitive companies, has a $9 billion war chest for overseas purchases and is scouting for deals in Asia as it looks to boost its profits from the region.   “We are...

Risk cost declines for fourth year amid a highly competitive market

by AIP Online Bureau | Jun 27, 2018 | Uncategorized

  New York: Despite record-setting natural catastrophes and an ever-evolving risk environment, the average total cost of risk (TCOR) trended lower for the fourth year in a row – a 3 percent decrease.  According to the newly released 2018 RIMS Benchmark...

Chubb enhances Cyber incident response capabilities globally

by AIP Online Bureau | Jun 27, 2018 | International News

  Singapore:  Chubb on Tuesday announced that it has enhanced its cyber incident response management capabilities and launched two new ways of accessing the service: a mobile application and a dedicated website.   As the threat of cyber risks...

IndiaFirst Life to offer insurance products through Oxigen Micro ATM

by AIP Online Bureau | Jun 27, 2018 | Indian News

  Mumbai: Aiming to establish access to customers in remotestareas of the country. IndiaFirst Life Insurance has announced its tie-up with Oxigen Services India Pvt. Ltd, to establish distribution of its insurance products at Oxigenretail outlets. ...

Mumbai most expensive for expats living in India, says survey

by AIP Online Bureau | Jun 26, 2018 | Facts

The cost of living for expats in Mumbai is the highest in the country, and more expensive than its global peers like Melbourne and Frankfurt, a survey has said. The financial capital of the country is ranked at the 55th spot in terms of cost of living globally, higher...

India most dangerous country for women due to high risk of sexual violence: Poll

by AIP Online Bureau | Jun 26, 2018 | Indian News, Risk Management

  India is the world’s most dangerous country followed by war-torn Afghanistan and Syria for women due to the high risk of sexual violence, according to a poll of global experts released today.   Somalia and Saudi Arabia are ranked fourth and fifth respectively...

Brexit Bill Becomes Law, Allowing UK To Leave The EU

by AIP Online Bureau | Jun 26, 2018 | International News

  BRITAIN: A bill enacting Britain's decision to leave the European Union has become law after months of debate, the speaker of parliament announced on Tuesday to cheers from Conservative Party lawmakers. Speaker John Bercow said the EU (Withdrawal) Bill,...
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